logo
logo
Sign in

Top 5 Cryptocurrency to Invest in 2021

avatar
Rahul kohali
Top 5  Cryptocurrency to Invest in 2021

#1. Bitcoin (BTC)

Present, past, and future – Bitcoin has become a timeless asset for cryptocurrency traders. No matter what cryptocurrency trading instrument you choose, you can bet on bitcoin. 2017 is already a bull run moment for bitcoin. There has been a consistent rise in its value. 

In the past one year, its value has only seen an upward trend. Even COVID-19 led economic crisis couldn’t slow it down. The recent USD1.5 billion investment by Elon Musk’s Tesla has given it a new height.

 

Visit to : Buy Bitcoin in India

#2. Ethereum (ETH)

Ethereum’s consistency over the past one year makes it the second most preferred cryptocurrency to buy and sell. Citing the current ETH price (USD1825), you can easily get almost 29 times more ETH than BTC at the same deposit. Long-term or short-term – Ethereum could be a prudent thought.

 

Its current market capitalization is $209,443,778,508 USD and it maintains a healthy circulating supply of 114,977,310 ETH coins. What guarantees the security of the Ethereum network? Ethereum is secured via the Ethash proof-of-work algorithm, derived from the Keccak family of hash functions.

#3. Binance Coin (BNB)

Until January 2021, BNB was not even in the top 10 cryptocurrency coins. Since then, the Binance coin has witnessed an almost six-fold growth in its value. It shouldn’t surprise you considering the age of the cryptocurrency.

 

BNB was launched through an initial coin offering in 2017, 11 days before the Binance cryptocurrency exchange went online. Considering the current Binance coin value, i.e., $272.44 USD, which is almost 20 times lesser than that of BTC, it’s easy to conclude that owning more BNB can make you richer if the price goes up further. 

#4. Cardano

In just four years of its inception (founded 2017), Cardano has become one of the favorites of cryptocurrency traders that take market capitalization to USD 37,939,127,099. Over the past one year, its value has grown exponentially from USD0.17 to USD1.20, which is almost over six folds.

 

What does secure Cardano? Its security is maintained through an “environmentally sustainable, verifiably secure” PoS protocol, popularly called Ouroboros. It’s delivered by a PoW consensus mechanism while using substantially less power.

#5. Tether (USDT)

Tether belongs to a new breed of cryptocurrencies called stablecoins. Its value is fixed at USD1. On the contrary to the volatility of other cryptocurrency coins like BTC, it aims to maintain a stable valuation. This attribute makes it a preferred medium of exchange like USD or any fiat currency, and a mode of storage of value, instead of being used as a medium of speculative investments.



The Wall Street Journal, based on CryptoCompare data, reports that 80% of all bitcoin trading is done in Tether, and the stablecoin is a major source of liquidity for the cryptocurrency market.

collect
0
avatar
Rahul kohali
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more